Starbucks Co. (SBUX) Shares Sold by First National Bank of Omaha

First National Bank of Omaha cut its holdings in Starbucks Co. (NASDAQ:SBUX) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,807 shares of the coffee company’s stock after selling 3,678 shares during the period. First National Bank of Omaha’s holdings in Starbucks were worth $7,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of SBUX. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Starbucks in the 3rd quarter worth about $111,000. Jacobi Capital Management LLC raised its position in shares of Starbucks by 6.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after acquiring an additional 129 shares in the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Starbucks in the 3rd quarter worth about $131,000. Front Row Advisors LLC bought a new position in shares of Starbucks in the 4th quarter worth about $136,000. Finally, Stonehearth Capital Management LLC bought a new position in shares of Starbucks in the 4th quarter worth about $142,000. 73.63% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider Clifford Burrows sold 162,826 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the transaction, the insider now owns 331,829 shares in the company, valued at approximately $18,920,889.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Myron E. Ullman III sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the transaction, the director now owns 39,000 shares in the company, valued at approximately $2,126,280. The disclosure for this sale can be found here. 3.48% of the stock is owned by insiders.

A number of analysts recently commented on the company. Wedbush reaffirmed a “buy” rating and issued a $70.00 target price on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and issued a $66.00 target price on shares of Starbucks in a research report on Friday, January 19th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 target price (up from $66.00) on shares of Starbucks in a research report on Friday, January 19th. Barclays reaffirmed an “equal weight” rating and issued a $65.00 target price (up from $58.00) on shares of Starbucks in a research report on Tuesday, January 16th. Finally, Goldman Sachs Group lowered Starbucks from a “conviction-buy” rating to a “buy” rating and decreased their target price for the company from $73.00 to $68.00 in a research report on Friday, January 26th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $64.57.

Starbucks Co. (NASDAQ SBUX) opened at $59.05 on Wednesday. Starbucks Co. has a 12 month low of $52.58 and a 12 month high of $64.87. The firm has a market capitalization of $83,000.00, a P/E ratio of 18.87, a PEG ratio of 1.62 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. research analysts forecast that Starbucks Co. will post 2.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. Starbucks’s payout ratio is presently 38.34%.

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Starbucks Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.